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  3. OPEX (Operating Expenses)

OPEX (Operating Expenses)

OPEX includes all expenses related to the day-to-day operation of the property. These costs may include payments for services such as cleaning, maintenance, security, building management, insurance, property tax, common utilities, etc. These costs are usually recharged to tenants based on the proportion of the area of their rental unit to the total rentable area of the building.

Other terms from the category

Facility management

Facility management, also known as property technical management, is a field focused on the efficient and sustainable management of building...

Headline rent vs. effective rent

Headline rent refers to the amount stated in the lease agreement as the rent to be paid for the rental of the property. This amount does not...

Property Management

Property management, is a service or function related to the daily operation and maintenance of real estate. This term is often associated w...

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